Yes, it's a pachinko machine. Red flag #1

Sorry, just don't think those are worth much if anything.

They are more of a decorative noise maker with lights. Fun for 10 minutes honestly. With that said IF your going to get one don't bother with any that are not 100% complete and working. There are hundreds of these available for Cheap and not worth fixing if there not. See these for $100 all the time.

Is it an electronic one or the old fashioned type ?

The only ones worth getting (IMO) are the later ones with video screens.
Years ago traded some juke box parts a guy needed for one of these
pachinko's where a Japanese cutie dropped her kimono lower
as points were scored. THAT deserved a spot in the game room!
Steve

Yup, gameroom oddities, just like slot machines. And yes, I have a slot machine in one of my gamerooms. I like it because of theme, not because of play.

500 balls minimum to play reasonably well, or you'll be reloading balls too often.

Make sure the ball chute cover is there, if not balls will start popping out of the track when hopper is fully loaded. It's usually a small plastic piece maybe 1 1/2 inches by 6 or 7 inches long, right AFTER the ball track does it's first 180 degrees after leaving the hopper.

Lots of info here:
https://pachitalk.com/forums/

I have a LOTR pachinko and it's fun for guests when they come over.

Don’t worry about bent pins. They’re bent on purpose to adjust the chance of winning and can be easily adjusted. In Japan, there are “masters” who make a lot of money to adjust pins, sometimes on 100’s of machines every day based on the winning percentage the day before.

Red flags are missing parts, bad water damage, and significant rust. No big deal is clearing jambs, buying new balls, replacing broken plexi, and dusting everything off.
A Power Flash is a specialty Nishijin pachinko that is worth a bit more than your standard Nishijin. It is also more complex (multiple powered tulips) and therefore may need more attention to get it working. You can read about a typical Power Flash model here: https://www.pachitalk.com/forums/showthread.php?39333-Power-Flash-Super-Deluxe.
The next step up would be an early modern hanemono which has music and mechs. Example:

The tier above hanemono would be anything with a screen.
The modern ones are BONKERS:

The cheapest place I've found to order pachinko balls is here: https://clovercollectables.com/products/japanese-pachinko-balls-500

Just don't. They seem like they would be fun, but they are REALLY LOUD and nothing like a pinball machine. Almost no strategy at all.

Had a refurbed Nishijin from the Wards catalog back in the '70s. Hours and hours of fun!

I have one. I enjoyed fixing it more than playing it.

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Here’s a great video on the Nishijin model A.

My 2 cents. i have a newer one with a video screen, its fun, but there isn't much skill. You turn the know and as long as you hold it there the balls will continue launching at approx the same power. When i was younger i had an uncle that had one that you manually pushed the lever to launch a ball, that seemed like there was more skill involved. But there would be lots less lights and such. This is the one that i have, but not my picture.

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That should say turn the knob, not know...

The older ones are really boring.

I have a Star Wars Vader one that is kinda cool with a 3D LCD screen and some animatronics.

Apparently Jared has it also! I went to find a video of it and his came up:

I am the founder of the North American Pachinko Club on Facebook. I own 4 machines at the moment, they are a LOT of fun.

Insane features and light shows. Not much skill needed (they are gambling machines in Japan). I would look at them as a ultra advanced, interactive part of Japanese culture in your own home...

I have also figured out how to make wall mounted wooden cases for them, the light shows in modern Japanese pachinko are second to none. You can normally score the machines for $500-$1200 depending on the title and features. A great conversation piece.

It use to be $200-300 for the newest machines 10 years ago when there were a couple of volume importers. Too bad shipping to the US is so expensive. I lived in the UK for a few years and bought barely used machines off of Yahoo Japan for around $50 through a broker who would ship them to my door for < $200.

I have both the old school mechanical, and the newer electronic machines. I prefer the old school models. I feel like there is more skilled involved in playing them. To each his own...